Description

This research service examines the switchgear market in Asia-Pacific and provides industry analysis and forecast. The market is in the growth stage of the industry life cycle. The developing countries in this region have been focusing on power generation and transmission and distribution (T&D) investments, while the developed nations are keen on altering the “energy mix” by increasing the share of renewable sources of power. All these investments directly influence the switchgear market and contribute to its growth. Besides industrial development, oil & gas, mining, steel, manufacturing, and construction industries are expected to add to the effect.